Q4 2018 EPS Estimates for Geo Group Inc (The) (GEO) Lowered by SunTrust Banks
Geo Group Inc (The) (NYSE:GEO) – Investment analysts at SunTrust Banks reduced their Q4 2018 earnings estimates for shares of Geo Group in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst T. Sommer now expects that the real estate investment trust will post earnings of $0.47 per share for the quarter, down from their previous estimate of $0.48.
Several other equities analysts have also weighed in on GEO. ValuEngine raised Geo Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Zacks Investment Research lowered Geo Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub lowered Geo Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, Canaccord Genuity set a $35.00 price objective on Geo Group and gave the company a “buy” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.83.
Geo Group (GEO) traded down $0.06 during midday trading on Monday, hitting $26.00. The stock had a trading volume of 206,700 shares, compared to its average volume of 1,049,994. The firm has a market cap of $3,220.00, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.24 and a beta of 1.50. Geo Group has a fifty-two week low of $21.65 and a fifty-two week high of $34.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.05.
The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 23rd were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend was Friday, October 20th. Geo Group’s dividend payout ratio (DPR) is presently 138.24%.
In related news, Director Christopher C. Wheeler sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GEO. Vanguard Group Inc. increased its holdings in Geo Group by 59.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock worth $667,233,000 after purchasing an additional 8,454,008 shares during the last quarter. BlackRock Inc. increased its holdings in Geo Group by 51.3% during the 2nd quarter. BlackRock Inc. now owns 13,705,096 shares of the real estate investment trust’s stock worth $405,261,000 after purchasing an additional 4,649,017 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Geo Group by 82.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock worth $128,941,000 after purchasing an additional 1,975,389 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Geo Group by 96.0% during the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after purchasing an additional 1,480,619 shares during the last quarter. Finally, State Street Corp increased its holdings in Geo Group by 54.0% during the 2nd quarter. State Street Corp now owns 4,058,753 shares of the real estate investment trust’s stock worth $120,023,000 after purchasing an additional 1,423,388 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
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About Geo Group
The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.
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